Bank Wage Revision Finalized as 12th Bipartite Settlement with 17% Hike for 2022 PRC
Bank employees can expect a substantial increase in their salaries with the implementation of the new PRC 2022 as per 12th bipartite settlement. This is thanks to the recent agreement reached between the Indian Banks Association (IBA) and bank employee unions on March 8th, 2025, to increase the annual salary by a confident 17 percent.